Service Properties Trust sends notice of payment shortfall to Marriott International

Service Properties Trust (SVC), Friday sent a letter to Bethesda-based Marriott International Inc. requesting the hospitality giant advance $11 million to cover the shortfall between the payments SVC has received to date from MAR and 80% of the priority returns due to SVC for the eight months ended August 2020. Marriott has 10 days from receipt of ...

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